BusinessPostCorner.com
No Result
View All Result
Sunday, June 1, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices

May 4, 2025
in Business
Reading Time: 2 mins read
A A
0
Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices
ShareShareShareShareShare

  • Stocks futures pointed slightly lower Sunday evening, with the S&P 500 signaling that its longest winning streak in 20 years may come to an end. That’s despite President Donald Trump hinting at a willingness to lower tariffs on China. Crude oil prices tumbled after OPEC+ agreed to expand production further.

U.S. stock market futures dipped Sunday night, putting the S&P 500’s winning streak at risk after the broad market index recouped losses triggered by President Donald Trump’s “Liberation Day” tariffs.

Futures for the Dow Jones Industrial Average slipped 121 points, or 0.29%. Futures for the S&P 500 lost 0.35%, and Nasdaq futures eased 0.33%.

On Friday, the S&P 500 advanced for the ninth consecutive session, marking its longest stretch of gains in 20 years and putting it back to where it was on April 2, when Trump unveiled so-called reciprocal tariffs on trading partners around the world.

The steeper-than-expected duties triggered a massive selloff in stocks, bonds and the U.S. dollar. But since then, Trump and his administration have granted delays and exceptions while also hinting that several trade deals are imminent.

In an interview that aired on Sunday, Trump said he is willing to lower his prohibitively high tariffs on China, which has retaliated with similarly steep duties as well.

“At some point, I’m going to lower them, because otherwise, you could never do business with them, and they want to do business very much,” Trump said on NBC’s Meet the Press.

Meanwhile, U.S. crude oil prices were down 3.6% at $56.19 per barrel on Sunday, nearing levels that the shale sector has warned would crush the industry.

That’s after OPEC+ agreed on Saturday to add 411,000 barrels a day next month, following a similar increase last month.

Analysts have said that Saudi Arabia, OPEC’s swing producer and de facto leader, is frustrated with other members that are pumping beyond their quotas and seeks to enforce more discipline by sending crude prices sharply lower, which Riyadh can endure more than other producers can.

Meanwhile, the 10-year Treasury yield ticked down 1.2 basis points to 4.308% ahead of the Federal Reserve’s policy meeting this coming week.

The central bank isn’t expected to adjust benchmark rates, especially after the Friday’s jobs report came in stronger than expected. Fed officials have also indicated they are waiting to see how tariffs will impact inflation.

While Trump has repeatedly called on Fed Chair Jerome Powell to lower rates and said his termination “can’t come soon enough,” the president told NBC that he doesn’t plan to fire him, saying he is going to name a replacement anyway.

This story was originally featured on Fortune.com

Credit: Source link
ShareTweetSendPinShare
Previous Post

Hard-right candidate wins first round of Romania’s election rerun

Next Post

Half of first-time buyers helped by Bank of Mum and Dad, says Savills

Next Post
Half of first-time buyers helped by Bank of Mum and Dad, says Savills

Half of first-time buyers helped by Bank of Mum and Dad, says Savills

Wall Street vs private equity: can anyone stop the grad recruitment creep?

Wall Street vs private equity: can anyone stop the grad recruitment creep?

May 26, 2025
Santa Ono, a Canadian-born immunologist and former University of Michigan president, just got the green light to be the University of Florida’s next president

Santa Ono, a Canadian-born immunologist and former University of Michigan president, just got the green light to be the University of Florida’s next president

May 27, 2025
Crypto Kidnapping: 2nd Suspect Surrenders After Manhattan Bitcoin Torture Plot

Crypto Kidnapping: 2nd Suspect Surrenders After Manhattan Bitcoin Torture Plot

May 27, 2025
Customers furious after Game cancels Nintendo Switch 2 pre-orders

Customers furious after Game cancels Nintendo Switch 2 pre-orders

May 29, 2025
IRS faces challenges overseeing tax-exempt hospitals

IRS faces challenges overseeing tax-exempt hospitals

May 29, 2025
AI’s reckoning: confronting job loss in the Age of Intelligence

AI’s reckoning: confronting job loss in the Age of Intelligence

May 30, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Pro-EU candidate takes narrow lead in Polish presidential election, exit poll says

Pro-EU candidate takes narrow lead in Polish presidential election, exit poll says

June 1, 2025
Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so

Forget tacos, can Trump have his tariff cake and eat it too? Wall Street’s biggest bull thinks so

June 1, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!